Afternoon Update – Looking Better

The market’s rebound off multi-month lows is going pretty well as the day goes on and yields continue a modest decline. The 2-year is down -7 bp and 10-year down -4 bp. SP-500 +0.6%, Dow +0.3% (Transports  -1.25%), NASDAQ-100 +0.85%, Small Caps +0.85% The S&P and Dow’s price action may very well just be bearish…